TFO Wealth Partners LLC Purchases 483 Shares of Bank of Hawaii Co. (NYSE:BOH)

TFO Wealth Partners LLC boosted its stake in Bank of Hawaii Co. (NYSE:BOH) by 9,660.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488 shares of the bank’s stock after acquiring an additional 483 shares during the period. TFO Wealth Partners LLC’s holdings in Bank of Hawaii were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BOH. Allspring Global Investments Holdings LLC boosted its holdings in Bank of Hawaii by 2,197.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock valued at $39,000 after acquiring an additional 747 shares in the last quarter. Boston Partners boosted its holdings in Bank of Hawaii by 39.6% in the third quarter. Boston Partners now owns 81,372 shares of the bank’s stock valued at $4,043,000 after acquiring an additional 23,074 shares in the last quarter. Newport Trust Company LLC bought a new stake in Bank of Hawaii in the third quarter valued at $20,170,000. Penobscot Investment Management Company Inc. bought a new stake in Bank of Hawaii in the third quarter valued at $224,000. Finally, Swiss National Bank boosted its holdings in Bank of Hawaii by 1.0% in the third quarter. Swiss National Bank now owns 87,237 shares of the bank’s stock valued at $4,335,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

BOH has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, April 8th. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday. Barclays lowered their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler lowered their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $52.20.

Bank of Hawaii Stock Up 0.6 %

NYSE BOH opened at $57.74 on Friday. The stock’s 50 day moving average is $58.90 and its 200 day moving average is $62.25. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii Co. has a 12 month low of $37.14 and a 12 month high of $75.19. The stock has a market cap of $2.29 billion, a PE ratio of 14.88 and a beta of 1.08.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The business had revenue of $252.64 million during the quarter, compared to analysts’ expectations of $160.79 million. During the same period in the prior year, the firm posted $1.14 earnings per share. Research analysts predict that Bank of Hawaii Co. will post 3.51 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.70 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.85%. Bank of Hawaii’s dividend payout ratio is presently 72.16%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.